Mānuka honey exporter Comvita has received a takeover offer from a subsidiary of Christchurch billionaire Mark Stewart’s Masthead Limited - Florenz.

It's offering 80 cents a share, equalling $56.4 million.

The offer has received unanimous support from Comvita’s board and its two largest shareholders, which own a combined 18.3 percent stake.

Oliver Mander from the NZ Shareholders Association explains what this could mean going forward.

LISTEN ABOVE

Mānuka honey exporter Comvita has received a takeover offer from a subsidiary of Christchurch billionaire Mark Stewart’s Masthead Limited - Florenz.
It's offering 80 cents a share, equalling $56.4 million.
The offer has received unanimous support from Comvita’s board and its two largest shareholders, which own a combined 18.3 percent stake.
Oliver Mander from the NZ Shareholders Association explains what this could mean going forward.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Oliver Mander: NZ Shareholders Association spokesperson on honey giant Comvita being offered a takeover bid

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/eb652a9c-b741-41a4-a55f-b33d007ceeca/transcript